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Stocks Trending in the News

Alibaba (BABA) subsidiary Ant Financial is expected to raise $10 billion in its fundraising over the next few days, which would bring Ant Financial’s value to $150 billion.

Baker Hughes (BHGE) has announced an $0.18 per share dividend for the first quarter, payable on May 22nd.

Shares of information management and consulting firm Convergys (CVG) closed 12.64% higher today after it was reported that the company has begun to negotiate with potential buyers. Convergys’ current market cap is $2.3 billion.

CVS Heath (CVS) has released a statement saying that the company supports President Trump’s proposal to reduce drug costs, and its already well positioned to implement cost reduction policies.

Verizon (VZ) will be buying back $2.5 billion worth of floating rate notes, which had maturities in February of 2025.